Envestnet Portfolio Solutions Inc. Boosts Stake in Capital Group Core Balanced ETF $CGBL

Envestnet Portfolio Solutions Inc. raised its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 14.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 119,520 shares of the company’s stock after purchasing an additional 15,267 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Capital Group Core Balanced ETF were worth $4,223,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CGBL. CoreCap Advisors LLC raised its position in Capital Group Core Balanced ETF by 14,657.1% in the 4th quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock worth $36,000 after purchasing an additional 1,026 shares during the period. US Bancorp DE raised its position in Capital Group Core Balanced ETF by 204.6% in the 3rd quarter. US Bancorp DE now owns 1,645 shares of the company’s stock worth $57,000 after purchasing an additional 1,105 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Capital Group Core Balanced ETF in the 4th quarter worth about $86,000. Cascades Capital Asset Management LLC purchased a new stake in Capital Group Core Balanced ETF in the 4th quarter worth about $102,000. Finally, Allworth Financial LP raised its position in Capital Group Core Balanced ETF by 6.7% in the 3rd quarter. Allworth Financial LP now owns 4,977 shares of the company’s stock worth $173,000 after purchasing an additional 311 shares during the period.

Capital Group Core Balanced ETF Price Performance

Capital Group Core Balanced ETF stock opened at $37.12 on Friday. Capital Group Core Balanced ETF has a 1-year low of $31.52 and a 1-year high of $37.62. The firm has a market capitalization of $6.18 billion, a P/E ratio of 25.37 and a beta of 0.69. The company’s 50-day moving average is $35.89 and its 200 day moving average is $35.73.

About Capital Group Core Balanced ETF

The Capital Group Core Balanced ETF (CGBL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that offers a balanced approach to total return and capital preservation. The fund employs an active asset allocation strategy to invest in equities, debts, money market instruments, and cash. CGBL was launched on Sep 26, 2023 and is issued by Capital Group.